TIDMTMT

RNS Number : 3303M

TMT Investments PLC

27 July 2017

27 July 2017

TMT INVESTMENTS PLC

("TMT" or the "Company")

Partial disposal and revaluation of investment in a portfolio company.

TMT Investments PLC, the venture capital company which invests in high-growth, technology companies across a number of core specialist sectors, is pleased to announce that it has sold a part of its holding in one of its portfolio companies for US$400,000 to a private investor.

The transaction represents an approximately US$4.89 million (or 114%) uplift in the fair value of TMT's investment in the company compared to the latest reported amount as of 31 December 2016, and is equivalent to 17.6 cents in additional NAV per TMT share.

For further information contact:

 
TMT Investments plc       +44 1534 281 843 
 Alexander Selegenev       alexander.selegenev@tmtinvestments.com 
 Executive Director 
 www.tmtinvestments.com 
ZAI Corporate Finance 
 Ltd. 
 NOMAD 
 Dugald J. Carlean/Ray 
 Zimmerman                +44 20 7060 2220 
Hybridan LLP 
 Broker 
 Claire Louise Noyce      +44 20 3764 2341 
Kinlan Communications     Tel. +44 20 7638 3435 
 David Hothersall          davidh@kinlan.net

About TMT Investments Plc

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has net assets of US$53m and has invested in over 40 companies to date. The company's objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. The company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com

This information is provided by RNS

The company news service from the London Stock Exchange

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July 27, 2017 09:42 ET (13:42 GMT)

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